IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• IRSA shares moved above their 200-day moving average, reaching $15.44 and last trading near $15.39, up 0.8%. The 200-day average is $15.20.
• Analyst sentiment remains generally positive, with a consensus “Buy” rating and an average price target of $23.00, although Weiss Ratings reiterated a “hold” rating.
• The company reported quarterly EPS of $1.26 on $107.22 million in revenue, with a 58.90% net margin and 17.99% return on equity. Institutional investors own 45.46% of the stock, while an insider recently sold 24,913 shares.

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.20 and traded as high as $15.44. IRSA Inversiones Y Representaciones shares last traded at $15.3860, with a volume of 157,896 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of IRSA Inversiones Y Representaciones in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, IRSA Inversiones Y Representaciones presently has a consensus rating of "Buy" and an average price target of $23.00.

IRSA Inversiones Y Representaciones Trading Up 0.8%

The stock has a 50 day moving average of $15.09 and a 200 day moving average of $15.20. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.94 and a quick ratio of 2.94. The firm has a market cap of $1.30 billion, a P/E ratio of 4.68 and a beta of 1.30.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The financial services provider reported $1.26 EPS for the quarter. The firm had revenue of $107.22 million for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 17.99% and a net margin of 58.90%.

Insider Activity

In other news, CIO Jorge Alberto Cruces sold 24,913 shares of the company's stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1.53, for a total value of $38,116.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 25.06% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. RWC Asset Management LLP bought a new position in IRSA Inversiones Y Representaciones during the 4th quarter valued at approximately $2,577,000. BNP Paribas Financial Markets grew its position in shares of IRSA Inversiones Y Representaciones by 19.3% in the 4th quarter. BNP Paribas Financial Markets now owns 601,369 shares of the financial services provider's stock worth $9,947,000 after buying an additional 97,089 shares during the last quarter. OceanIQ Capital LLC bought a new stake in shares of IRSA Inversiones Y Representaciones in the 2nd quarter worth approximately $968,000. Y Intercept Hong Kong Ltd purchased a new position in shares of IRSA Inversiones Y Representaciones during the first quarter valued at approximately $712,000. Finally, Verde Servicos Internacionais S.A. purchased a new position in shares of IRSA Inversiones Y Representaciones during the first quarter valued at approximately $648,000. 45.46% of the stock is owned by institutional investors.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones Sociedad Anónima is an Argentine real estate company engaged in the acquisition, development, leasing and management of properties. Its portfolio includes shopping centers, office buildings, hotels, residential projects and land reserves, with operations concentrated primarily in Argentina.

The company develops and operates commercial properties that serve retailers, restaurants and entertainment businesses, while its office portfolio provides space for corporate and professional tenants.

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